Earlybird Venture Capital

?? This week, our portfolio company N26 announced its first quarterly profit, revealed that monthly signups have surpassed 200K and projected a 40% revenue growth in 2024, reaching approximately €440M. As an early backer, Earlybird Co-founder and Partner Dr. Christian Nagel witnessed N26’s growth from a teen-focused banking product to a leading digital bank in Europe. Recently, N26 hosted their L26 Leadership Strategy Day, bringing together their leadership community to share insights on top management. There Christian joined a fireside chat with N26 Founder Valentin Stalf. He shared how he saw the founders' potential early on—their resilience in overcoming obstacles was key. ?? Christian noted when they saw a door close, the team found a way to open it. We’re excited to watch the N26 team continue to level up, open new doors, and unlock the path to continued success. Read more about N26’s latest news in Sifted by Miriam Partington, linked in the comments section below. Cc: Maximilian Tayenthal, Crystal Goh,?Scott Usatorres #NeoBank #FinTech #VC #Earlystage #Startups

Earlybird Health portfolio company Priothera SAS is preparing for a €60M capital raise to advance its promising drug candidate, mocravimod, treating blood and bone marrow cancers, including acute myeloid leukemia (AML). Mocravimod has shown the potential to improve AML patients’ survival rates by up to 40% two years after stem cell transplantation, while also reducing severe complications such as graft-vs-host disease (where the graft turns against the host and attacks its tissues). The funds will support the ongoing Phase III study, expected to deliver results in 2026, and drive expansion into other cancer types. With marketing approval targeted for 2027 and a projected penetration rate of 70%, mocravimod addresses a potential market of $1-2 billion across Europe, Japan, and the U.S. This technology represents a major step forward in transforming treatment outcomes for AML patients and beyond. ?? Read more in BIOTECHFINANCES by Pierre Havez. (???? French) Cc: Florent Gros, Rabab Nasrallah, PhD, Valeriya S.

???? Now is a critical moment to advance Europe’s technological sovereignty – to close the innovation gap, and to foster trusted alliances. Breakthrough technologies in GenAI, Life Sciences, Robotics, and SpaceTech are reshaping industries. Yet for European Deep Tech startups to compete on the global stage, they need greater access to customers and capital. This is why, together with the Deep Tech Momentum (DTM) team, we are committed to transforming Europe into one of the leading global Deep Tech ecosystems by supporting the continent’s most promising founders. Join DTM25 in Berlin from 13-15 May 2025 to drive Europe’s technological sovereignty forward! Read more about what DTM’s Martin Schilling and Isabelle Flanagan (pictured below) have been working on over the years and in stealth, in a Tech.eu article by Cate Lawrence linked in comments. Cc: Dr. Christian Nagel, Dr. Hendrik Brandis, Dr. Moritz Belling, Dr. Marie-Thérèse Buttlar, Alessandra Mazzilli, Elisheva Marcus, Rylee Mora #DeepTech #DTM25 #TechSovereignty #DeepTechMomentum #Berlin

?? Recently, Earlybirds collaborated with Kearney in a series on the potential of quantum technologies. The latest article in the series focuses on how enterprises could benefit from the next-generation of ultra-precise monitoring tools. Whether that's in transportation, mining, healthcare, or environmental monitoring, the use cases seem limitless. ??♀? Quantum sensing isn’t just a step forward—it’s a leap that promises to redefine precision in countless sectors. We’re excited to be part of this journey, by backing companies like QuantumDiamonds and eleQtron GmbH. For a deeper understanding of how quantum sensors work, recent advancements in the field, and tips for how enterprises can prepare dive into the article linked below. ?? https://bit.ly/4hQGm5I Cc: Dr. Frédéric du Bois-Reymond, Stephan Rauscher, Michael R?mer, Dieter Gerdemann #Quantum #Startups #Advancements #DeepTech #VC #Investments

???? Looking to kickstart your career in venture capital? Join our London office as an Analyst Intern in January 2025! If you have a passion for the European startup ecosystem and want to gain valuable experience in venture capital, this is your opportunity. We’re seeking an Analyst Intern to join our Investment team in London for 6 months, starting in January 2025. In this role, you will have the opportunity to… ?? Support the deal flow process—sourcing startups, evaluating opportunities, and assisting with due diligence. ?? Conduct in-depth research and provide strategic insights to help inform investment decisions. ?? Expand your professional network across the European VC landscape, engaging with top founders, investors, and entrepreneurs. Applications are open now - Don’t miss the chance to make an impact and grow with us in London! If you’re ready to apply, head to the link in the comments section. Cc: Laura Waldenstrom, Akash Bajwa, Jay Anna Harris-Theis, Elisheva Marcus, Annika Schienbein, Rylee Mora #VentureCapital #Internship #London

?? October's momentum was undeniable, and in case you missed anything, we’ve packed the standout moments into one monthly newsletter for you. Did you hear about terralayr’s €77M round for energy innovation? Or Dr. Andre Retterath Retterath and Paul Klemm’s impactful insights shared at Bits & Pretzels? Discover all the highlights from an action-filled October. Stay up-to-date with the latest from our portfolio and the broader ecosystem by checking out our latest newsletter below. ?? Featuring updates from: Keel, Ariceum Therapeutics, OneFootball, QuantumDiamonds, NcodiN, ColibriTD and more. #EBVCgang #VC #StartupNews

?? ?? Last week, Earlybird’s platform teammates focused on HR & PR, along with selected investors, flew to Dublin for a roadshow centered around Dogpatch Labs— the city’s buzzing tech hub. We loved the layered energy: a historic vault setting deep below Dogpatch Labs, bubbling with entrepreneurial activity. Over an action-packed set of days, we hosted an investor fireside chat, shared unique insights from our expertise, enjoyed a VC breakfast, and exchanged ideas with founders over dinner. Meeting motivated players from the Irish ecosystem included connecting with special guests Ivan O'Mahoney and Aideen Leacy from our Irish-based portfolio company Ceartas DMCA. Thanks for warmly welcoming us, Patrick Walsh, Menno Axt, Malaika Judd, Flávia Bianchi, and many more! Earlybirds on-site included Partner Tim Rehder, Principals Akash Bajwa and Laura Waldenstrom, VP People & Community Jay Anna Harris-Theis, and VP Communications Elisheva Marcus. ?? IrishTech is making its mark and we’re excited to be involved. #EarlybirdRoadshow #DublinTech #FoundersFirst #Collaboration

?????? Congratulations to portfolio company Brightpick on raising USD 12M to accelerate the rollout of their robots in U.S. warehouses, bringing their total funding to USD 47M. Brightpick is a leading provider of warehouse automation solutions for order fulfillment. Founded in 2021 in Slovakia as a spin-off of Photoneo, a pioneer in 3D robotic vision sensors and intelligence software, Brightpick is revolutionizing the industry and expanding geographies. ?? Brightpick’s Autopicker is the only robotic system capable of picking and consolidating orders directly in warehouse aisles, mimicking the actions of a human with a cart. Earlybird Venture Partner Dan Lupu recognized the potential early on, and it’s great to see them continue to make rapid progress. ?? For more details, dive into the story from Tech.eu and The Recursive; check out links in the comments section below. Cc: Jan Zizka, Tomas Kovacovsky, Branislav Puli?, MBA, Michal Maly, Andrey Bakholdin #Robots #Startups #EarlyStage #Funding #VC

???? AI university spinouts are on the rise! MONA AI, a spinout from Universit?t des Saarlandes secures EUR 2M in seed funding for their AI recruitment tool. MONA AI’s momentum is bolstered by strategic partnerships with compleet and index Anzeigendaten, two prominent leaders in the staffing industry. These alliances are pivotal as MONA AI accelerates its expansion across the DACH region, France, the UK, the Netherlands, and Italy, positioning it for robust growth in the European recruitment landscape. Felix Adam, Founder of MONA AI, says, "This funding reflects the hard work of our team at MONA AI over the past 1 and a half years. Even though we were new players in the industry, our partners and clients helped us achieve recognition, begin to scale rapidly and address the challenges that come with that head-on. We will continue to support the staffing industry and provide the most advanced and responsible AI solutions worldwide.” ?? Read more in Tech Funding News and EU-Startups; see comments below. cc: Johannes Triebs, Viktoria Beck, Charlotte Adam #AI #Recruitment #Startups #University #VC #EBVCgang

??? Birds Beyond the Horizon is all about innovating and elevating our AGM experience. In today’s globalized world, the traditional Annual General Meeting format, confined to a single location, no longer makes sense. So, we decided to do things differently—bridging the gap between LPs and founders by hosting a series of Mini AGMs across Europe. Today we invite you to take a sneak peek into our London edition, which sparked discussions about the state of the ecosystem, from both founders' and investors' perspectives. From engaging panel discussions on where startups can thrive in the AI race, to rooftop tacos and afternoon chats, the Earlybird network took a moment to connect and look beyond the horizon. ?? A huge thank you to everyone who joined and helped make this event a success. Let’s continue innovating together. Cc: Dr. Hendrik Brandis, Dr. Christian Nagel, Paul Klemm, Tim Rehder, Vincenzo Narciso, Moritz Scholl?hn, Nina Mayer, Sara Fee Kirschhausen, Dr. Moritz Belling, Laura Waldenstrom, Akash Bajwa, Ferdinand Dansard, Alessandra Mazzilli, Stefano Gonelle Ribas, Jurate Juchimenkaite, Elle Muller, Rylee Mora, Manel Calle Teixeira #AGM #Founders #Startups #Networking #Investors #LPs